\ Foreign investment in Madrid remains strong despite global uncertainty
Madrid has consolidated its position as the main driver of foreign direct investment (FDI) in Spain. During 2024, the Region of Madrid attracted €24.705 billion in gross productive investment, representing 67.1% of the national total and marking the second-best record since 1993.
This growth, 47% higher than the previous year, places Madrid above the average of the last decade. Even after discounting the new “intra-group financing” category, the region experienced a real increase of 13.6% in gross productive flows.
In the first quarter of 2025, Madrid had already received €2.727 billion, equivalent to 67% of the national total for that period. Despite global uncertainty and the fact that this quarter is seasonally low, the region continues to lead in investment attraction.
Sector leadership and investment origin
The most dynamic sectors in 2024 were Telecommunications (€5.125 billion), Electricity Supply, Information Services, Real Estate Activities, and Education. Together, these sectors absorbed most of the investment flows in the region.
As for the main investor countries, the United Kingdom topped the list with €9.747 billion, driven by major deals in telecommunications and web portals. It was followed by the United States (€3.252 billion), France (€1.655 billion), and Norway (€1.646 billion), with significant investments in energy, financial services, and engineering.
Greenfield projects: Madrid, Europe’s second destination
The city of Madrid remains a benchmark in attracting new greenfield projects. In 2024, 155 projects were announced with a value exceeding €4.7 billion and an estimated impact of 10,280 new jobs. These figures place the city as the second leading European destination after London, and seventh worldwide.
Employment and investment position
Foreign-capital companies continue to be a key pillar for employment in the region. By the end of 2023, 692,805 jobs were linked to FDI in Madrid, representing 33.5% of the national total. This figure is 15.5% higher than the previous year and 77% higher than in 2007.
Additionally, the investment position in the Region of Madrid reached €411.990 billion, equivalent to 141% of the regional GDP, reinforcing its role as a strategic hub for global investment.
This investment dynamism not only reflects international capital’s confidence in Madrid’s economic environment but also positions the region as a key platform for strategic sectors linked to the energy transition, digitalization, and technological innovation. Madrid’s consolidation as an FDI attraction hub is the result of an institutional strategy focused on stability, talent, and competitiveness.
